AAA Catalyst Biosciences raises $13.4m

Catalyst Biosciences raises $13.4m

US-based Catalyst Biosciences raised $13.4m in funding in September as part of a planned $18.6m round, according to a filing with the Securities and Exchange Commission. 

Catalyst is backed by US-based healthcare company Johnson & Johnson Development Corporation and return backers Sofinnova Ventures, Burrill & Company, Morgenthaler Ventures, HealthCare Ventures, and Essex Woodlands Health Ventures.

Catalyst Biosciences is a developer of next generation biopharmaceuticals that target proteins underlying diseases.

This latest round of funds brings the total raised by the drug company to $83.4m after raising $30m in Series B funding in 2006 and $40m in Series C funding.

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